The T-Strive Digital Credit Preferred Income ETF, trading under the ticker DCAP, began trading on Cboe BZX on Sept. 24, 2026, as the first U.S. ETF focused on preferred securities issued by Bitcoin treasury companies. Tuttle Capital Management launched and actively manages the fund, while Strive Asset Management serves as sub-adviser. DCAP does not invest directly in Bitcoin and initially expects to allocate roughly equally between STRC, issued by Strategy Inc., and SATA, issued by Strive Inc. The fund must normally place at least 80% of its net assets in preferred securities issued by companies that hold at least 5% of their assets in Bitcoin or Bitcoin-linked financial instruments, or derive at least 5% of their income from them. DCAP seeks income from these securities, with existing terms indicating annualized returns of roughly 12% to 13.16% for STRC and about 13% for SATA. The fund may use borrowings, reverse repurchase agreements, total return swaps and written put options, increasing both potential returns and losses. Strive bought 1,355 BTC for $107.7 million between Sept. 14 and Sept. 18, bringing its holdings to 26,355 BTC as of Sept. 24 and placing it fifth among Bitcoin treasury companies tracked by BitcoinTreasuries. DCAP is non-diversified, must keep at least 25% of total assets tied to Bitcoin treasury companies, and has total annual operating expenses of 0.95% after a contractual fee waiver, with its management fee capped at 0.65% through Sept. 30, 2027.